Merit Financial Group LLC bought a new position in ANSYS, Inc. (NASDAQ:ANSS – Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 616 shares of the software maker’s stock, valued at approximately $208,000.
Several other institutional investors also recently bought and sold shares of the business. American Century Companies Inc. increased its stake in ANSYS by 13.8% in the second quarter. American Century Companies Inc. now owns 6,392 shares of the software maker’s stock valued at $2,055,000 after purchasing an additional 775 shares during the last quarter. Public Sector Pension Investment Board lifted its holdings in shares of ANSYS by 71.8% during the 2nd quarter. Public Sector Pension Investment Board now owns 3,347 shares of the software maker’s stock worth $1,076,000 after acquiring an additional 1,399 shares during the period. AQR Capital Management LLC boosted its position in shares of ANSYS by 21.6% in the second quarter. AQR Capital Management LLC now owns 2,722 shares of the software maker’s stock worth $875,000 after acquiring an additional 483 shares during the last quarter. MBB Public Markets I LLC purchased a new stake in ANSYS in the second quarter valued at approximately $2,001,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in ANSYS during the second quarter worth approximately $358,000. 92.39% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
ANSS has been the subject of several research reports. Robert W. Baird boosted their price objective on shares of ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. StockNews.com lowered shares of ANSYS from a “buy” rating to a “hold” rating in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $346.67.
ANSYS Stock Performance
NASDAQ:ANSS opened at $357.37 on Monday. The firm has a 50-day moving average of $344.03 and a two-hundred day moving average of $329.08. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.11 and a quick ratio of 3.11. The stock has a market cap of $31.25 billion, a P/E ratio of 55.15, a PEG ratio of 3.72 and a beta of 1.11. ANSYS, Inc. has a 1-year low of $289.82 and a 1-year high of $363.03.
Insider Activity at ANSYS
In other ANSYS news, Director Glenda Dorchak sold 200 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $336.62, for a total value of $67,324.00. Following the transaction, the director now directly owns 3,430 shares of the company’s stock, valued at $1,154,606.60. This represents a 5.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.46% of the stock is currently owned by company insiders.
ANSYS Company Profile
ANSYS, Inc develops and markets engineering simulation software and services for engineers, designers, researchers, and students in the United States, Japan, Germany, China, Hong Kong, South Korea, rest of Europe, the Middle East, Africa, and internationally. It offers structural analysis product suite that provides simulation tools for product design and optimization; the Ansys Mechanical product, an element analysis software; LS-DYNA solver for multiphysics simulation; and power analysis and optimization software suite.
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